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Restructuring

6 Months Ended

Jun. 30, 2025

Restructuring and Related Activities [Abstract]

Restructuring

10. Restructuring

The Company recorded $9.4 million and $11.7 million of net restructuring expense for the three and six months ended June 30, 2025, respectively, which were primarily for severance in our International segment and other costs associated with our continuing footprint rationalization and cost reduction programs in both the Americas and International segments. The Company recorded a $0.3 million and $0.6 million net reduction in the restructuring provision for the three and six months ended June 30, 2024, respectively.

The summary of the activity in the restructuring liability for the six months ended June 30, 2025 was as follows:

(in millions)		Balance at December 31, 2024				Provision				Cash Expenditures			Non-cash Items/Currency Change				Balance at June 30, 2025
Employee termination costs		$	26.6			$	9.6			$	(13.6	)	$	0.7			$	23.3
Other			—				2.1				(2.1	)		0.1				0.1
Total restructuring liability(1)		$	26.6			$	11.7			$	(15.7	)	$	0.8			$	23.4

(1)We expect $15.6 million of the remaining $23.4 million of restructuring costs to be paid in the next twelve months.

The summary of the activity in the restructuring liability for the six months ended June 30, 2024 was as follows:

(in millions)		Balance at December 31, 2023				Provision				Cash Expenditures				Non-cash Items/Currency Change				Balance at June 30, 2024
Employee termination costs		$	27.5			$	(0.9	)		$	(8.6	)		$	(0.3	)		$	17.7
Other			0.9				0.3				(0.6	)			—				0.6
Total restructuring liability		$	28.4			$	(0.6	)		$	(9.2	)		$	(0.3	)		$	18.3

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- References

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- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4.e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/420/tableOfContent

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

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